Activities at the nation’s bourse closed on a negative mood on Wednesday due to profit taking with a loss of 0.38 per cent.
Speficially, the All-Share Index declined by 180.55 per cent or 0.38 per cent to close at 46,930.66 compared with 47,111.21 achieved on Tuesday.
Consequently, the All-Share Index stood at 0.66 per cent and 9.87 per cent, respectively.
Also, the market capitalisation lost N98 billion or 0.38 per cent to close at N25.289 trillion from N25.124 trillion posted on Tuesday.
The negative performance of the market was driven by price depreciation in large and medium capitalised stocks which are: MTN Nigeria Communications (MTNN), Zenith Bank, Lafarge Africa, Nigerian Breweries and Guaranty Trust Holding Company.
The market closed negative with 33 laggards against 21 gainers.
Associated Bus Company led the losers’ chart in percentage terms by 8.33 per cent to close at 33k per share.
Courteville Business Solutions followed with 6.90 per cent to close at 54k, while Caverton Offshore Support Group lost 6.17 per cent to close at N1.52 per share.
May & Baker declined by 5.95 per cent to close at N4.27, while FTN Cocoa Processors shed 5.26 per cent to close at 36k per share.
Conversely, Ikeja Hotels dominated the gainers’ chart in percentage terms with 10 per cent to close at N1.43 per share.
Conoil followed with a gain of 9.96 per cent to close at N26.50, while Academy Press up by 9.71 per cent to close at N1.13 per share.
R.T. Briscoe Nigeria rose by 8.33 per cent to close at 26k, while Linkage Assurance gained 6.52 per cent to close at 49k per share.
However, the total volume traded increased by 27.36 per cent with an exchange of 434.95 million units valued at N6.26 billion in 5,878 deals.
This was in contrast with a turnover of 341.52 million shares worth N3.69 billion traded in 6,417 deals on Tuesday.
Transactions in the shares of Fidelity Bank topped the activity chart with 47.74 million shares valued at N136.72 million.
Transcorp followed with 35.59 million shares worth N40.87 million, while Courteville Business Solutions traded 32.46 million shares valued at N17.75 million.
Zenith Bank traded 30.06 million shares valued at N799.52 million, while GTCO transacted 24.63 million shares worth N680.81 million.
